MIC announces prioritised sectors for investment

The Myanmar Investment Commission has announced the 10 sectors that will be given priority when entrepreneurs submit their investment proposals, according to state run media.

An article published in the Global New Light of Myanmar on June 28, said that the prioritised sectors include agriculture, livestock, the power sector, logistics, education, healthcare and construction of affordable housing.

“Both foreign investors and Myanmar citizen investors are welcome to invest in the stated investment areas,” said a statement published in the daily. “The Myanmar Investment Commission and the government of respective states and regions will provide necessary assistance to investors.”

As part of plans to attract renewed investment, the government passed the new Myanmar Investment Law in October last year, which is a combination of the Foreign Investment Law and Myanmar Citizens Investment Law.

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